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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: CommanderCricket who wrote (188262)1/21/2015 7:41:31 PM
From: KyrosL  Read Replies (1) of 206326
 
Not a typo. The SEC changed the rules and NAV is now computed based on the average prices throughout the year. Consequently NAVs are pure fantasy given where oil and NG are today. Of course, the banks are using the strip to calculate NAV to figure out credit lines and such.
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